EconPapers    
Economics at your fingertips  
 

Structural Change in Advanced Nations

Dale Jorgenson and Marcel Timmer

Working Paper from Harvard University OpenScholar

Abstract: We provide new evidence on patterns of structural change in advanced economies, reconsidering the stylised facts put forward by Kaldor (1963), Kuznets (1971), and Maddison (1980). Since 1980, the services sector has overwhelmingly predominated in the economic activity of the European Union, Japan, and the US, but there is substantial heterogeneity among services. Personal, finance, and business services have low productivity growth and increasing shares in employment and GDP. By contrast, shares of distribution services are constant, and productivity growth is rapid. We find that the labour share in value-added is declining, while the use of ICT capital and skilled labour is increasing in all sectors and regions.

New Economics Papers: this item is included in nep-eff, nep-mac and nep-tid
References: Add references at CitEc
Citations: View citations in EconPapers (134)

Downloads: (external link)
http://scholar.harvard.edu/jorgenson/node/13525

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:qsh:wpaper:13525

Access Statistics for this paper

More papers in Working Paper from Harvard University OpenScholar Contact information at EDIRC.
Bibliographic data for series maintained by Richard Brandon (rbrandon@iq.harvard.edu this e-mail address is bad, please contact repec@repec.org).

 
Page updated 2025-03-19
Handle: RePEc:qsh:wpaper:13525